Milliman logo


Share this job:

View all jobs at Milliman

⛔️ Milliman are no longer taking applications for this job.

Actuarial Manager (Medicare Advantage)

Milliman’s CMH Health Practice is seeking an Actuarial Manager with strong Medicare Advantage program experience to join their vibrant, dynamic, and growing practice. Actuarial Managers will have the opportunity to work in a wide variety of areas within the healthcare industry while working alongside some of the leading experts in the field.

Who We Are

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues—from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.

The Team

Within a project team, consultants, managers, and analysts coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Project managers work directly with analysts by reviewing work, answering questions, and developing client correspondence.

Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.

Job Responsibilities

  • Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various health insurance work areas (Medicare, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more).
  • Provide consulting services in Pricing, Reserving, Financial Projections, and Mergers and Acquisitions.
  • Responsible for performing various technical work while delegating most of the work to professional staff to help meet client needs
  • Responsible for reviewing the work of others and assisting with research and product development.
  • Responsible for teaching and training professional staff working on the projects for which the Actuarial Managers is responsible.
  • Responsible for several projects simultaneously providing insight into the technical direction of each project, verifying the initial reasonableness of the solution and creating client communications for review by Consultants (includes data collection, project updates and answering basic technical questions).
  • Responsible for progressing with actuarial exams to attain the Associate of the Society of Actuaries (ASA) or Fellowship in the Society of Actuaries (FSA) designation.

Minimum Requirements

  • Bachelor’s or Master’s degree in a quantitative field
  • Minimum of 4 years of full-time actuarial experience
  • Thorough understanding of Microsoft Excel and actuarial concepts

Competencies and Behaviors that Support Success in this Role

  • Experience working with SAS, VBA, or other coding languages is advantageous
  • Experience with Medicare Advantage programs is strongly preferred.
  • Experience mentoring staff and managing projects
  • Strong communication skills (both verbal and written)
  • Ability to help identify client issues and resources needed to solve problems
  • Analytical thinking skills to evaluate analyses for communication to clients
  • Ability to help plan and organize work for projects
  • Identify project deliverables, meet deadlines, and ensure compliance with quality procedures
  • Strong time management skills
  • Ability to work independently and within a team
  • Client focused and results oriented
  • Organizational expertise and flexibility
  • Ambition and excitement for professional development within the actuarial field


The salary range is $85,000 to $155,000, depending on relevant factors, including but not limited to education, work experience, qualifications, skills, certifications, location, etc.

Milliman Benefits:

We offer competitive benefits which include the following based on plan eligibility:

  • Medical, dental and vision coverage for employees and their dependents, including domestic partners
  • A 401(k) plan with matching program, and profit sharing contribution
  • Employee Assistance Program (EAP)
  • A discretionary bonus program
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue
  • 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
  • Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
  • A minimum of 8 paid holidays
  • Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
  • Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

View all jobs at Milliman

⛔️ Milliman are no longer taking applications for this job.

From the blog

Expert tips on actuarial career growth and development.

7 ways to avoid burnout as an actuary

Being an actuary isn’t the 9-5 job that everyone thinks it is. At some point in your career, you'll probably feel like you're approaching burnout.